Strip Mall with Road
New
For Sale
$5,250,000
58-60 E Merrick Rd, Valley Stream, NY 11580
Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Property Size13,620 SF
Lot Size0.61 Acres
Price / SF$390.04
Days on Market7
Property Features for 58-60 E Merrick Rd
General Information
Standard status
Active
Size
13,620 SF
Lot size
0.61 Acres
Property subtype
Shopping Strip
Additional Details
Traffic Count
29,750 vehicles/day
Amenities
Premier Merrick Road frontage — approximately 200 feet of continuous frontage on a corridor carrying 29,750 vehicles per day, delivering the visibility and access national tenants underwrite.
Durable, diversified income mix across convenience retail (7-Eleven), home-improvement retail (Aboff's Paints) and fitness (Stay Fit Culture) — sectors insulated from e-commerce displacement.
Net-lease style expense recovery — leases carry tax, CAM and insurance reimbursements, insulating ownership from rising Nassau County operating costs with minimal landlord responsibility.
Dense, affluent trade area — 689,875 residents within five miles with a 2025 average household income of $146,327, rising to$155,868 within one mile of the property.
Irreplaceable infill real estate — 0.61 acres with 25 surface spaces and 3 storefronts on a corridor where new retail development is effectively precluded by zoning and land scarcity.
7-Eleven exercised its first renewal option ahead of schedule and secured an additional extension period, reinforcing the tenant's long-term commitment to the site.
Building Details
Building Size
13,620 SF
Year Built
1992
Listed By:
Mike Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 8 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mike Tuccillo
Investment Insights
Based on property information with market context.
This retail strip center contains 13,620 square feet on a 0.61-acre site. Constructed in 1992, the property is configured for multi-tenant retail use and presents 200 feet of frontage along East Merrick Road.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
Key Highlights
- 13,620‑square‑foot retail strip center
- 0.61‑acre commercial site
- 200 feet of frontage on East Merrick Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$266,548
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,330,960
$5.3M
Cap Rate 7%
$3,807,829
$3.8M
Cap Rate 9%
$2,961,644
$3.0M
Market Conditions
NOI Build-Up for 13,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$403.8K $30.00/SF
− Vacancy
−$23.0K −$1.71/SF
EGI
$380.8K $28.29/SF
− OpEx
−$114.2K −$8.49/SF
NOI
$266.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,330,960
Cap Rate 7%
$3,807,829
Cap Rate 9%
$2,961,644
Alternative Uses
Best Use
Retail
$3.81M
$3.33M – $4.44M
NOI $266,548 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.90M
$7.79M – $10.38M
NOI $622,962 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29,750 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Where is this strip mall located?
The property is located at 58-60 E Merrick Rd Valley Stream, NY.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 13,620‑square‑foot retail strip center; 0.61‑acre commercial site; 200 feet of frontage on East Merrick Road
